CLARK FREEPORT ZONE, Pampanga (PIA) -- The Clark Development Corporation (CDC) has secured P44.5 billion worth of investments in the first quarter of 2024. 

These include direct leases with CDC that cover various sectors such as renewable energy, tourism, semiconductors, electronics, pharmaceuticals, medical devices, green minerals, food and agriculture, and steel.

Special Assistant to the President for Investment and Economic Affairs Frederick Go, who met with the investors, thanked them for their continued interest in investing in the country, particularly in Clark. 

“Whenever I talk to investors in the Philippines, I always advocate for the Clark area, especially for highly urbanized or highly commercialized forms of investment, because I believe it is the best location for them to enter,” Go cited. 

The investments consist of expansion projects by existing locators and investments from new ones, to be infused this year and spread over phases as specified in their respective contracts with CDC. The contracts range from P20 billion to P5.8 million. 

These are expected to boost employment opportunities in the region by generating an additional 5,833 employees to Clark’s workforce.

Meanwhile, development projects such as Clark Multi-Specialty Medical Center and National Museum of the Philippines for North and Central Luzon are currently in progress.

Completion of the North-South Commuter Railway project, on the other hand, will link the Freeport to other business districts in the country. (CLJD/MJSC-PIA 3)